Cointime reports: Bitcoin miner Core Scientific reported third-quarter revenue of about $233 million, up 187% year over year, with earnings per share of $0.47. Net income reached roughly $1.178 billion, driven mainly by non-cash gains from changes in warrant fair value, while adjusted EBITDA rose to $133.6 million and margin expanded to 57% from 25%. Hosting revenue was $215.4 million, up nearly 60% quarter over quarter and about 92.5% of total revenue, while self-mining revenue fell about 79% year over year to $12.26 million.
Cointime update: Volkswagen Group China said fraudsters impersonated Volkswagen (China) Investment Co. and regulatory authorities to send fake recall text messages to some car owners, luring them via unofficial links to provide personal information and complete purported recall procedures. The company said the messages and attached documents are not official recall notices, and urged owners not to click suspicious links, reply, or share personal or vehicle data.
Cointime reports: SkyBridge founder Anthony Scaramucci said disputes over ethics restrictions and Trump’s memecoin ventures derailed the CLARITY Act, stalling negotiations. He placed responsibility for the setback on both sides. The remarks point to ethics rules around the president’s crypto holdings as a sticking point in the market-structure bill.
Cointime update: Hefei Municipal State-owned Assets Supervision and Administration Commission has approved Hefei Construction Investment’s agreement to acquire 96,180,444 unrestricted shares, or 5.30% of Gotion High-Tech, from Volkswagen (China) Investment at 24.09 yuan per share for a total of 2.317 billion yuan. The transfer still requires Shenzhen Stock Exchange compliance confirmation and share transfer registration with China Securities Depository and Clearing’s Shenzhen branch.
Cointime reports: Arthur Hayes said in his article “D is for Dilution” that lockup expirations at SpaceX, Anthropic and OpenAI could release large share blocks and pressure AI stock prices. He estimates SpaceX will unlock about 8.6 billion shares by end-June 2027, roughly 50% of float, while Anthropic early IPO investors may face about 83% dilution. Weaker AI credit could slow US bank balance-sheet expansion and tighten dollar liquidity, pressuring crypto until central banks respond; Maelstrom is staying on the sidelines.
Cointime reports: Bitcoin dropped below $80,000 on November 5, trading at $79,998.50 per coin. The move marked a 0.38% decline over the day, putting the largest cryptocurrency just under the $80,000 threshold.
Cointime update: Gate will open the claim window for its 164th futures points airdrop from 18:00 to 23:59 (UTC+8) on November 6. Eligible users can redeem 15 points for 0.04 GOOGLG or 20 points for a 100 USDT position trial voucher, with supplies limited and allocated first come, first served. The GOOGLG pool requires a dynamic points balance threshold falling from 120 to 90, while the voucher pool requires at least 40 points. Rewards are expected to arrive within one hour of a successful claim.
Cointime reports: Arthur Hayes warned on November 5 that a cooling AI credit market could stall or shrink US commercial bank balance sheets, tightening dollar liquidity that has supported crypto since August. He pointed to falling shares of SpaceX, Anthropic and OpenAI widening AI credit spreads and choking issuance, and noted the banking system’s balance sheet fell week-over-week as of last week. Hayes said either the Fed or banks must expand their balance sheets to fuel crypto positions.
Cointime update: Blockchain security firm Blockaid has received a $40 million funding commitment, following its earlier $50 million Series B round. Separately, Trump Media & Technology Group transferred 4,259 BTC, worth about $344 million, to a trading platform. The moves were among the developments reported for the morning of Nov. 5, alongside Fox News reporting that JD Vance plans to form a “new right” coalition and Bank of Japan September minutes showing hawkish calls for faster rate hikes.
Cointime update: Ryan Roach, a Canadian national, has been extradited to the United States to face charges that he and a co-defendant targeted U.S. universities with supercomputers, stealing login credentials and secretly mining cryptocurrency. Prosecutors allege the scheme hijacked university computing resources for crypto mining. The case is now before U.S. authorities following the extradition.
Cointime update: Toyota announced a new organizational restructuring that includes establishing a dedicated robotics division, positioning the business as a “key pillar for future business.” It marks the first time Toyota has separated robotics from its manufacturing system and elevated it to a core strategic segment alongside electrification and software. The move was disclosed on November 5.
Cointime update: Digital-asset insurer Soter Insure has brought in Standard Chartered’s SC Ventures and Japan’s SBI Group as strategic investors in its Series B, with existing backer Token Bay Capital also adding capital. Galaxy led the round, which already included Coinbase Ventures, Franklin Templeton and Brevan Howard Digital. Soter Insure will use the proceeds to expand underwriting capacity, deepen its underwriting and technology, and accelerate into Asia-Pacific via Hong Kong, Europe and the US.
Cointime update: Loopscale said it paused protocol activity after a sustained, targeted attack over the past week in which its API received more than 30,000 malicious requests per day. The attacker focused on the SOL and USDC Genesis Vaults, which have been replenished, and no user deposits were lost. The protocol will stay offline until the full scope of the attack is established and security is strengthened.
Cointime update: Binance said it will gradually reopen withdrawal services for some assets on the ETH, BSC, BASE, TRX, MATIC and SUI networks starting at 12:00 on November 5. The exchange announced the phased restoration in an official notice, without specifying which assets or how quickly each network would return to full service.
Cointime update: Thailand’s Securities and Exchange Commission has filed a criminal complaint against the operator of Bitget, and access to the exchange’s website and app will be blocked from Dec. 5. The action targets unlicensed crypto trading in the country. The SEC’s complaint and the planned block were announced as Thai authorities move against platforms operating without local authorization.
Cointime reports: BTC broke above $80,300 and held above its 20-day moving average, Liquid Capital founder Yi Lihua said on Nov. 5, adding that a strong break of $82,600 is needed to start a second main upward wave. Yi said clearing the $86,000 resistance would open the way to $97,000 and $104,000, framing the recent pullback as a correction within a bull trend.
Cointime update: Google’s November 2026 Android security bulletin disclosed a critical remote code execution vulnerability, CVE-2026-58868, in the Framework component, affecting Android 14, 15, 16, 16-QPR2 and 17. The flaw allows attackers to execute code remotely without user interaction or additional permissions. There is no confirmed evidence of exploitation in the wild. Patch level 2026-11-01 and above includes the fix.
Cointime update: SAIC Motor’s board approved a plan to set up a smart-driving joint venture with Momenta and others, with registered capital of 300 million yuan ($42 million). Momenta will contribute 153 million yuan for a 51% stake, SAIC 75 million yuan for 25%, and Yandian Technology 72 million yuan for 24%, giving SAIC and Yandian a combined 49%.
Cointime reports: Trump Media & Technology Group moved 4,259 BTC, valued at about $343.67 million, to Crypto.com roughly 40 minutes before the transfer was flagged on Nov. 5. It could not immediately be confirmed whether the transfer signals that the company is selling its bitcoin.
Cointime update: NIO founder Li Bin and Geely Holding Group chairman Li Shufu discussed the mismatch between battery and vehicle lifespans at the 2026 World Internet Conference’s Wuzhen auto dialogue on November 5, Li Bin said the issue must be viewed across a vehicle’s full 15-year lifecycle rather than ignored. The conversation was the two executives’ first public dialogue since NIO and Geely signed a battery charging and swapping strategic cooperation agreement on September 28.